In 2015, the Securities and Exchange Commission expanded Regulation A to Regulation A+, also called a “mini-IPO” offering, adding specific provisions to facilitate more capital raising. Expanding Reg A+ allows smaller companies to grow with the help of the general public. The SEC requires companies utilizing Tier 2 offerings to employ a transfer agent to manage their shareholders and issuances of stock. For more details visit https://www.equitytrack.co/regulation-a/.